I am sure that it will be possible to bring this barung to a good condition again. It could be that the wooden parts are covered with shellac. This can be removed with benzine. Try it carefully at a small place of the scabbard. When this will work remove all this lacquer. After this rub the wooden parts carefully with steel wool, oil it with linseed oil and apply a good antique wax. This is what I would do. The metal parts will be a much harder work, others has given already good advice. Please keep us updated about the success.
Regards,
Detlef
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